SEC Approves CoinShares XRP Litecoin ETFs

SEC Reviews XRP and Litecoin ETF Filings

• XRP is the third-largest cryptocurrency by market cap, while Litecoin ranks 15th.
• The SEC requires comments on ETF filings within 21 days of publication.
• Nasdaq filed forms with the SEC for a rules change to list these ETFs.
• An S-1 registration statement must be approved by the SEC, typically a formality.
• The SEC previously approved 11 Bitcoin and eight Ethereum ETFs.

The SEC is reviewing proposals for XRP and Litecoin ETFs, with Nasdaq seeking permission to list them. This follows previous approvals of Bitcoin and Ethereum ETFs.